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UAE Murban crude shipments restart from Fujairah after long delay: source
The UAE's Abu Dhabi National Oil Company has re-started crude shipments from the port of Fujairah, outside the Persian Gulf, an independent industry source said Thursday.
"The pipeline is active now. From what I've seen, for the past month they've been exporting," the commercial manager of VTTI Fujairah Terminals, Didier de Beaumont, told delegates at the Platts Oil Markets Middle East conference in Dubai.
VTTI, a global operators bulk logistics assets including a Fujairah oil products storage facility, is a 50/50 joint venture between Vitol and Malaysia's MISC Berhad.
Beaumont was unable to comment on how much crude was being loaded onto tankers at the port, located on the east coast of UAE, just outside the Strait of Hormuz choke-point for crude oil exports from the Persian Gulf.
ADNOC operates a crude oil export pipeline running from its biggest onshore oil fields at Habshan, in Abu Dhabi's southwestern desert, to Fujairah. The 1.5 million b/d capacity pipeline was inaugurated in September 2012, with an initial crude cargo shipped from Fujairah to a refinery in Pakistan. However, since that time, there have been numerous reports of technical problems with the pipeline that were preventing meaningful volumes of crude from flowing through it.
Abu Dhabi's onshore fields, operated by the Abu Dhabi Company for Onshore Oil Operations, or Adco, produce the UAE's highest volume export crude grade, Murban.
If the recently observed crude-loading at Fujairah represents a resolution of technical problems with the new export pipeline, which crosses the rugged Hajar mountain range to reach Fujairah, then this has taken place just ahead of the expiration of existing Adco oil concession in early January.
ADNOC sources have recently confirmed that renewal of the Adco concession is unlikely before 2015, leaving ADNOC to operate most of the UAE's existing onshore oil fields unaided until a new contract is awarded with international partners.
Adco's current joint venture partners are ADNOC (60%), international majors BP, ExxonMobil, Royal Dutch Shell and Total (9.5% each), and Portugal's Partex (2%). ADNOC received bids for the concession renewal from 10 prospective international partners who were invited to submit proposals for operating and possibly restructuring the concession.
Source: Platts
"The pipeline is active now. From what I've seen, for the past month they've been exporting," the commercial manager of VTTI Fujairah Terminals, Didier de Beaumont, told delegates at the Platts Oil Markets Middle East conference in Dubai.
VTTI, a global operators bulk logistics assets including a Fujairah oil products storage facility, is a 50/50 joint venture between Vitol and Malaysia's MISC Berhad.
Beaumont was unable to comment on how much crude was being loaded onto tankers at the port, located on the east coast of UAE, just outside the Strait of Hormuz choke-point for crude oil exports from the Persian Gulf.
ADNOC operates a crude oil export pipeline running from its biggest onshore oil fields at Habshan, in Abu Dhabi's southwestern desert, to Fujairah. The 1.5 million b/d capacity pipeline was inaugurated in September 2012, with an initial crude cargo shipped from Fujairah to a refinery in Pakistan. However, since that time, there have been numerous reports of technical problems with the pipeline that were preventing meaningful volumes of crude from flowing through it.
Abu Dhabi's onshore fields, operated by the Abu Dhabi Company for Onshore Oil Operations, or Adco, produce the UAE's highest volume export crude grade, Murban.
If the recently observed crude-loading at Fujairah represents a resolution of technical problems with the new export pipeline, which crosses the rugged Hajar mountain range to reach Fujairah, then this has taken place just ahead of the expiration of existing Adco oil concession in early January.
ADNOC sources have recently confirmed that renewal of the Adco concession is unlikely before 2015, leaving ADNOC to operate most of the UAE's existing onshore oil fields unaided until a new contract is awarded with international partners.
Adco's current joint venture partners are ADNOC (60%), international majors BP, ExxonMobil, Royal Dutch Shell and Total (9.5% each), and Portugal's Partex (2%). ADNOC received bids for the concession renewal from 10 prospective international partners who were invited to submit proposals for operating and possibly restructuring the concession.
Source: Platts
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